Word: capitalisme
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Dates: during 2000-2009
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The fallacies of the principal myth peddled by the free-market fundamentalists demonstrates their dogmatism. In contrast to their conviction that markets freed from state meddling have engineered record growth, we see that the 1980s and 1990s, both decades of especially unfettered capitalism, were the second-slowest and slowest periods...
Labor no longer talks much about its founding principles. "The struggle of the working class against the excesses, injustices and inequalities of capitalism" doesn't strike much of a chord in a country where there are more self-employed workers than union members and more than 55% of adults own...
It's not as if nobody predicted this. The true believers in what's called peak oil--a motley crew of survivalists, despisers of capitalism, a few billionaire investors and a lot of perfectly respectable geologists--have long cited the middle to end of this decade as a likely turning...
Among the peakists, war and economic breakdown are favorite themes. They figure that cheap oil is the essential fuel of modern capitalism, which will founder without it. A more hopeful take is that innovation is the essential fuel of modern capitalism and that high oil prices will drive rapid advances...
“In the late 19th century, West Africa and Japan were at the same level of state and economic development,” Chomsky told the Freshman Seminar 47v, “Understanding Twentieth-Century Capitalism Through History.”